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If I surrender my units of Mutual fund after a year what about tax and other deductions?


Suppose I purchased some units of equity mutual fund growth plan and surrender after a year with a gain of 20% what about income tax and security transction tax in India

If it is a equity linked fund (i.e more then 60% in equity ) the long term tax (>1 year) is 0% currently but if is a debt fund you will have to pay long term tax. stt does not apply for MF as i know only for equity trading.

i think IT dept. have link with this MF, so u'll be taxed for the current year...

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